Taitron Components (NASDAQ:TAIT) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Taitron Components (NASDAQ:TAIT) in a research note published on Monday. The firm issued a hold rating on the stock.

Taitron Components Price Performance

Shares of Taitron Components stock opened at $2.59 on Monday. The company’s 50 day moving average price is $2.66 and its two-hundred day moving average price is $2.79. The firm has a market capitalization of $15.59 million, a P/E ratio of 11.26 and a beta of 0.47. Taitron Components has a fifty-two week low of $2.52 and a fifty-two week high of $3.34.

Taitron Components Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.05 per share. The ex-dividend date was Friday, November 15th. This represents a $0.20 dividend on an annualized basis and a yield of 7.72%. Taitron Components’s dividend payout ratio is currently 86.96%.

Taitron Components Company Profile

Taitron Components Incorporated engages in the supply of original designed and manufactured (ODM) electronic components, and distribution of brand name electronic components. It distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components. The company also offers value-added engineering and turn-key solutions focusing on providing contract electronic manufacturers (CEMs) and original equipment manufacturers (OEMs) with ODM products for their turn-key projects.